General Fund Revenue Report - October 2026

By Adrian Buckner , Budget Analyst | 1 day ago

General Fund revenue finished ahead of projections. Fiscal year-to-date[1], General Fund revenues were $15.2 billion, $662.3 million (4.5%) above estimate. October’s General Fund collections were $4.0 billion, $132.9 million (3.4%) above estimate, driven primarily by overperformance in Corporate Net Income Tax, Sales and Use Tax, and Personal Income Tax

Year-to-date, Personal Income Tax (PIT) collections are $5.9 billion, $80.1 million (1.4%) above estimate.  PIT receipts in October overperformed estimate by $26.5 million (1.9%) for a total of $1.4 billion. The period’s overperformance was led by withholding collections which were above the estimate of $24.2 million (2.2%) with year-to-date withholding collections at $4.7 billion or $70.5 million (1.5%) above estimate. Inheritance Tax revenue was $165.7 million, $8.8 million (5.6%) higher than expected for October. Inheritance Tax collections are $714.3 million year-to-date, which is $44.2 million (6.6%) ahead of estimate. Lastly, Nontax revenue[1] collections for October were $608.8 million, $7.2 million (1.2%) above estimate. Year-to-date, Nontax revenue is $688.3 million, which is below the estimate by $40.5 million (-5.6%). 

 

Sales and Use Tax (SUT) outperformed October’s estimate. SUT collections totaled $1.4 billion for the month, exceeding projections by $37.3 million (2.7%) and year-to-date SUT collections are $5.5 billion, ahead of the revenue estimate by $79.7 million (1.5%). 

 

Additionally, Corporate Net Income Tax (CNIT) collections overperformed estimates for the month and continued to outperform year-to-date. October CNIT receipts were $208.8 billion, which was $54.4 million (35.2%) above expectations. The year-to-date CNIT revenue outperformed estimates by $517.5 million, with collections totaling $1.6 billion (46.5%).

 

 

 

 

 

 

 

 

 


[1] Non-tax revenue includes “items such as licenses, fines, penalties, interest income, miscellaneous revenues, escheated accounts, profits from the operation of Pennsylvania liquor stores, and transfers from special funds.” The Tax Compendium, March 2025, page 36.


[1] “A twelve-month period beginning July 1 and ending June 30 of the following calendar year which is used as the State’s accounting and appropriation period.” The Budget Process in Pennsylvania, May 2017, page 22.

General Fund Revenue Report - October 2026

By Adrian Buckner , Budget Analyst | 1 day ago

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